GoG, GoI and the Exim Bank of India sign Line of Credit for AMSCS ProjectThe Minister for Finance, Mr. Ken Ofori-Atta and High Commissioner of India to Ghana, H.E. Birender Singh Yadav have signed a US$150.0 Million line of credit for Agricultural Mechanization Service Centre project and another US$30.0 Million for the supply of portable water system in Yendi.

Working Session for the Finalisation of the Draft Development Cooperation PolicyA workshop to finalize Ghana’s draft development cooperation policy has been held in Accra. The policy provides guidelines and procedures for Ghana’s engagement with her Development Partners to promote effective development cooperation.

Ghana Remains Commited to the Ecowas Single Currency Programme - Ministry of Finance AssuresThe Government of Ghana under the auspices of the Ministry of Finance and the Bank of Ghana, and in collaboration with the West African Monetary Institute (WAMI), has successfully hosted the 44th Meeting of the Technical Committee of the West Africa Monetary Zone.

Public Private Partnership ProjectsThe objective of Public Private Partnership Project (PPP) for Ghana is to improve the legislative, institutional, financial, fiduciary and technical framework to generate a pipeline of bankable public private partnership projects. There are three components to the project, the first component being institutional, fiduciary, legislative, and financing capacity building...

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Book-build opens 9:00 AM, Wednesday May 22, 2019. Revised Pricing Guidance (released as necessary during the Book-build). Revised and Final Pricing Guidance (released as necessary during the Book-build). Books are expected to close around 2:30 PM on Thursday, May 23, 2019.

The Chief Director, Directors and Analogous grades of the Divisions and Agencies under the Ministry of Finance have signed the 2019 performance agreement at the Ministry.The annual performance agreement contract is signed between the Head of Civil Service and each Chief Director

No Uniform Clearing level – Successful Bidders will be Allocated at the Price at which they bid. Partial Allocation to bids at Issuer’s Discretion in the event of Oversubscription. All bids to be Received by Friday 2:30PM. There will be no Revised Pricing Guidance Released to the Market.

Government signed a Social Partnership Agreement with Organised Labour for a stronger collaboration, harmonized industrial relations and government policies. Parties involved in the agreement were MoF and MELR representing government and TUC and GEA representing Organized Labour

Ghana’s Finance Minister, Mr. Ken Ofori-Atta has indicated that the surest way of attaining UN Agenda 2030 for Sustainable Development was to adopt growth-enhancing policies while containing risk and protecting the vulnerable.

Minister Kenneth Ofori-Atta, Chairman of the African Caucus, and Ms. Christine Lagarde, Managing Director of the International Monetary Fund (IMF), co-chaired the African Consultative Group meeting today at the IMF Headquarters. They issued the following statement after the conclusion of the Group’s meeting in Washington D.C.

Book-build opens 9:00 AM, Wednesday April 17, 2019. Revised Pricing Guidance (released as necessary during the Book-build). Revised and Final Pricing Guidance (released as necessary during the Book-build). Books are expected to close around 2:00 PM on Thursday, April 18, 2019.

The Government of Ghana with the support of the World Bank, have developed the proposed Ghana Economic Transformation Project (GETP).
The Project seeks to promote and strengthen a growth model that is conducive to economic transformation to achieve higher rates of investment and productivity growth across the economy (especially in non-resource-based sectors), while also creating quality jobs and raising incomes.

Ghana is expected to become the fastest growing-economy in sub-Saharan Africa with a GDP growth rate of 8.8% in 2019, according to International Monetary Fund’S (IMF) just-released 2019 GDP growth projections.

The Minister for Finance, Mr. Ken Ofori-Atta and High Commissioner of India to Ghana, H.E. Birender S. Yadav have signed a US$150.0M line of credit for Agricultural Mechanization Service Centre project and another US$30.0M for the supply of potable water system in Yendi.

As part of measures being put in place to improve the implementation of ABFA funded projects, the Ministry in 2019, engaged the MDAs to provide the utilization and the cash plan of their ABFA allocations in 2019 budget.

Accra, March 20. 2018 – A workshop to finalize Ghana’s draft development cooperation policy has been held in Accra. The policy provides guidelines and procedures for Ghana’s engagement with her Development Partners to promote effective development cooperation.

Right Honourable Speaker, Hon. Members of Parliament, March 2019 has indeed been a remarkable month. I wish to, therefore, express my sincere gratitude for the opportunity to address the House on some key recent events that have occurred recently as we bring the First Quarter of 2019 to a close

The Hon. Minister for Finance, Mr. Ken Ofori-Atta has stated that, now is the time for renewed commitment in all aspects of our work as Ghana finally exit the International Monetary Fund Extended Credit Facility.

On March 20, 2019, the Executive Board of the International Monetary Fund (IMF) completed the seventh and eight reviews under the Extended Credit Facility (ECF)1 supported arrangement. This will make available to Ghana the cumulative amount of SDR132.84 million (about US$185.2 million).

Ghana successfully raised US$3 billion in Eurobonds yesterday. The country’s strong
macroeconomic performance over the past two years and bright future prospects were
confirmed by the Capital Markets with an unprecedented order-book in excess of US$21
billion; an oversubscription of more than seven (7) times the largest ever in Africa to-date.

Accra, Wednesday 20th March, 2019 - On Friday, 15th March, Google’s currency converter widget displayed a cedi to dollar rate that was four times the actual value, alongside erroneous market rates of a number of currencies against the Ghanaian Cedi.

A handbook that spells out the Ministry of Finance’s Employee Wellbeing policy on communicable and non-communicable diseases including HIV and AIDS, hypertension, cancers and malaria has been launched by the Hon. Deputy Minister of Finance, in charge of Revenue Mr. Kwaku Kwarteng at the Ministry of Finance during the Ministry’s first staff durbar of the year.

The Ministry of Finance is committed to ensuring transparency, accountability and predictability of Government’s borrowing operations. Consistent with this commitment, we prepared and published the 2019 Medium Term Debt Strategy (MTDS), during the 2018 fiscal year.

Following the passage of the Appropriation Act, 2017, (Act 951) by Parliament, the Ministry has issued this Budget Implementation Instructions in accordance with the PFM Act 921, to guide all Ministers (Principal Account holders) and Chief Directors (Principal spending officers) in the implementation of the 2019 Budget.

A Deputy Minister for Finance, Mr. Charles Adu Boahen has inaugurated an Inter-Ministerial Planning Committee to oversee the successful hosting of IMF/World Bank Africa Caucus Meeting scheduled to take place in Accra from 31st July to 2nd August, 2019.

End-of-Mission press releases include statements of IMF staff teams that convey preliminary findings after a visit to a country. The views expressed in this statement are those of the IMF staff and do not necessarily represent the views of the IMF’s Executive Board.

Ghana regrets the February 13, 2019 decision by the European Commission (EC) to add Ghana to its list of countries with strategic deficiencies in their Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework.

Book-build opens 9:00 AM, Wednesday February 20, 2019. Revised Pricing Guidance (released as necessary during the Book-build). Revised and Final Pricing Guidance (released as necessary during the Book-build). Books are expected to close around 2:00 PM on Thursday, February 21, 2019.